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Seattle real estate rated No. 1
Survey of metropolitan areas reveals best investment value here
Among major metropolitan areas, Seattle's real estate is the best in the nation as a prospective investment, a national report released Tuesday says.
Housing rebound: When to spot one
Nationally, there's still a dark cloud hanging over housing. But to check the health of your local region, look for a few key clues.http://money.cnn.com/2008/07/07/real_estate/price_to_rent.moneymag/index.htm?postversion=2008071604
GOOGLE EXPANDING CAMPUS IN KIRKLAND
The search-engine giant, Google, is completing it's Kirkland campus this Summer. The campus is a 195,000 square foot extended over 3 two-story office buildings near downtown Kirkland.
Google employees in Kirkland work for the company's engineering branch, which develops products like Google Maps and Google Video. This is great news for residents and businesses in Kirkland.
Google has not revealed how many employees they are recruiting for the new campus. Currently, Google has about 400 employees working in their Kirkland office. Stay tuned for more updates.
5 REASONS TO BUY
- Prices in the neighborhood you are interested in are relatively stable. Either they are holding their own or increasing, or the pace of decline is slowing significantly. If you have to move and don't like apartments, the small penalty you pay for missing the bottom may not mean much.
- You plan to stay in the home for more than five years. If you can stick it out that long before selling, economists say you'll probably ride out any downturn and come out ahead on price.
- Your rent rivals a mortgage payment. If you can afford to buy, it can give you one bonus that renting can't: the mortgage-interest deduction on your taxes.
- You've found the right house in the right area for you. The schools are great. You love the area and know it would be hard to find another house like the one you have your eye on. In a better market, you would most likely have much more competition for that home.
- You've built equity in your house and are moving to a place where homes are cheaper. In your new market, your money will go a lot further.
5 REASONS TO HOLD OFF
- You've lived in your house less than two years. Chances are you haven't had enough time to accumulate equity in your home. Indeed, you may have negative equity, if you live in many areas such as California, Florida, Arizona or Nevada.
- Your job security is uncertain. If your company or business is in distress, it's probably better to stay put until the smoke clears.
- You don't plan to stay in your next house at least five years. While it's not important to buy at the exact bottom of the market, it is important to stay long enough to ride it out completely.
- You don't have good credit or a decent down payment. Do you have a job and income you can document? As a result of the subprime lending crisis, lenders are much more careful about whom they're giving their money to.
- You have an existing home to sell in a neighborhood where prices are dropping precipitously or where the number of foreclosures is spiking. In this climate, you're probably better off waiting out the storm.
© 2016 Irwan Ngadisastra, SeattleIdealHomes.com.